Off the Hook (OTH) is a pre-owned boat and yacht dealership headquartered in Wilmington, NC, operating eight locations across the Southeast and Mid-Atlantic U.S. OTH's core business is buying boats below market value — sourced from overstocked dealerships, repossessions, trade-ins, and direct seller purchases through its WeBuyBoats.com platform — and reselling them at retail or through a wholesale dealer and broker network. OTH transacts on more than 400 vessels per year across center consoles, sportfish yachts, motor yachts, and high-performance boats, targeting four to five inventory turns annually. OTH finances its inventory through third-party floorplan loans, currently up to $60M in capacity, recycling capital as boats sell. Beyond core pre-owned sales, OTH operates several ancillary businesses designed to generate incremental revenue from each transaction: Azure Funding, an in-house loan brokerage that pairs buyers with lenders and originates hard money loans to dealers; Marine Asset Recovery, which handles boat repossessions for financial institutions and feeds recovered inventory back into OTH's sales pipeline; and OTH Yacht Services, a marine maintenance and repair operation. OTH also sells new boats through authorized dealer agreements and recently launched Autograph Yacht Group, a premium brokerage targeting the high-end luxury segment. OTH's growth strategy focuses on expanding floorplan capacity, acquiring underperforming dealerships and marinas, scaling its broker headcount, and developing WeBuyBoats.com into a broader digital marketplace with auction functionality.